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3100 Del Prado Blvd N - Coral Lakes 34.15 Acres of Commercial Land Offered at $7,900,000 in Cape Coral, FL 33909
Investment Highlights
- Fully entitled for 350 multi-family units. A minimum of 6 units/acre, maximum 10 units/acre.
- Located 0.4± miles from a Publix-anchored shopping center, 1.9± miles to Lake Meade Park
- The site is fully cleared and located in a minimal-risk flood zone (Zone X), requiring no flood insurance for development.
- Direct access from Del Prado Boulevard N. and close proximity to US-41 and Pine Island Road, two main thoroughfares in Lee County.
- Within 3± miles of Diplomat Elementary, Diplomat Middle, and Island Coast High School.
Executive Summary
Coral Lakes is entitled for up to 350 residential dwelling units on 34± acres of development land directly fronting Del Prado Boulevard North. Strategically located adjacent to the completed Coral Lakes single-family community, the site presents a compelling opportunity to deliver new multi-family housing along a major arterial roadway.
The property benefits from close proximity to retail, dining, and essential services, including a Publix-anchored shopping center and nearby medical facilities. It’s also within walking distance to the new Lake Meade Park and minutes away from a variety of entertainment options along Pine Island Road.
Strong regional population growth and sustained demand for rental housing continue to drive multifamily absorption in Cape Coral. With convenient access to I-75, US-41, and nearby employment and lifestyle centers, Coral Lakes stands positioned to become a premier development in one of the fastest-growing communities in the United States.
LOCATION HIGHLIGHTS:
• 0.4± miles to Publix-anchored shopping center
• 2.6± miles to Pine Island Rd
• 2.6± miles to Lowe’s Home Improvement
• 2.8± miles to US-41
• 4.5± miles to Walmart Shopping Center
• 11.4± miles to I-75)
The property benefits from close proximity to retail, dining, and essential services, including a Publix-anchored shopping center and nearby medical facilities. It’s also within walking distance to the new Lake Meade Park and minutes away from a variety of entertainment options along Pine Island Road.
Strong regional population growth and sustained demand for rental housing continue to drive multifamily absorption in Cape Coral. With convenient access to I-75, US-41, and nearby employment and lifestyle centers, Coral Lakes stands positioned to become a premier development in one of the fastest-growing communities in the United States.
LOCATION HIGHLIGHTS:
• 0.4± miles to Publix-anchored shopping center
• 2.6± miles to Pine Island Rd
• 2.6± miles to Lowe’s Home Improvement
• 2.8± miles to US-41
• 4.5± miles to Walmart Shopping Center
• 11.4± miles to I-75)
Property Facts
| Price | $7,900,000 | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | Multifamily |
| No. Lots | 1 | Total Lot Size | 34.15 AC |
| Property Type | Land | ||
| Zoning | RPUD | ||
| Price | $7,900,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Multifamily |
| Total Lot Size | 34.15 AC |
| Zoning | RPUD |
1 Lot Available
Lot
| Price | $7,900,000 | Lot Size | 34.15 AC |
| Price Per AC | $231,332.36 |
| Price | $7,900,000 |
| Price Per AC | $231,332.36 |
| Lot Size | 34.15 AC |
High Density Residential Land - Cape Coral, FL
Property Taxes
| Parcel Number | 30-43-24-C2-006C1.0000 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $3,465,000 |
Property Taxes
Parcel Number
30-43-24-C2-006C1.0000
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$3,465,000
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3100 Del Prado Blvd N - Coral Lakes
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